Indian-origin academic wins maths 'Nobel' Fields Medal
New York, Aug. Aug 2 : Indian-origin academic Akshay Venkatesh has been awarded the Fields Medal, which is often called the Nobel Prize of mathematics.
The award to the 36-year-old academic was announced on Wednesday at the International Congress of Mathematicians in Rio de Janeiro.
Venkatesh, who made a mark as a child prodigy, is a professor at Stanford University and is set to move to the School of Mathematics of the Institute for Advanced Study at Princeton on August 15.
He is the second Indian-origin mathematician to win the prize after Manjul Bhargava, a Princeton University professor, who received it in 2014.
The other three winners of the medal awarded every four years usuallyto four mathematicians are Caucher Birkar, 40, of the University of Cambridge; Alessio Figalli, 34, of the Swiss Federal Institute of Technology, and Peter Scholze, of the University of Bonn.
The prize carries a gold medal and an award of Canadian $15,000.
Ali Nesin of Turkey was awarded on Wednesday at the Congress another prestigious award, the Leelavati Prize sponsored by Infosys for increasing public awareness of mathematics.
Nesin is the founder of the Mathematics Village, a unique institution offering short immersion courses in mathematics for high school and college students.
The prize is named for the treatise of 12th century mathematician Bhaskara II and carries a Rs 1 million-award. Venkatesh was awarded the prize for his work in analytic number theory, homogeneous dynamics, topology, and representation theory.
The Institute for Advanced Study said he works "at the intersection of analytic number theory, algebraic number theory, and representation theory."
He won India's SASTRA Ramanujan Prize, founded by Shanmugha Arts, Science, Technology and Research Academy (SASTRA) in Tamil Nadu in 2008 and the InfoSys Prize given by the Infosys Science Foundation in 2016.
Venkatesh moved to Australia from New Delhi with his parents when he was two years old.
When he was 12, he won medals at the International Physics Olympiad and International Mathematics Olympiad and joined the University of Western Australia at 14 and graduated with a first class honours degree at 15.
At 16, he started his post-graduate studies at Princeton University and completed his PhD when he was 22 He was previously an instructor at Massachusetts Institute of the Technology, and an associate professor at New York University.
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Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
